Planned purchases at retail are 50,000 and the markup percentage ...

[asmith134]

Planned purchases at retail are 50,000 and the markup percentage is 45 of retail. What is the correct planned purchases at cost figure?
 a. 22,500
  b. 11,111
  c. 25,000
  d. 77,500
  e. 27,500

Question 2

Planned purchases at retail is equal to:
 a. planned sales and planned reductions and BOM inventory minus planned EOM inventory.
  b. planned sales and planned EOM inventory minus planned reductions and BOM inventory.
  c. planned sales minus planned reductions, planned EOM inventory, and one-half BOM inventory.
  d. planned sales, planned reductions, and planned EOM inventory minus BOM inventory.
  e. planned sales plus planned reductions.

[xiazhe]

Answer to Question 1

E

Answer to Question 2

D

[asmith134]

Thanks for the timely response, appreciate it

[CAPTAINAMERICA]

YES! Correct, THANKS for helping me on my review